Google announced back in 2010 it was seeking communities to participate in an experiment involving insanely fast fiber-optic broadband. The plan was called Google Fiber and ultimately Kansas City was chosen. The first homes and businesses with Google Fiber had their 1 Gbps service turned on yesterday.

However, anytime we see internet providers offer theoretical peak speeds, we usually take them with a huge grain of salt. However, it looks like Google Fiber is actually incredibly fast in the real world.

A Google Fiber user named Mike Demarais ran a speed test only minutes after his service went live according to ArsTechnica. He achieved 696.38 Mbps download and an impressive 620.49 Mbps upload.

"The first thing I did was BitTorrent Ubuntu," Demarais said. "I think that took two minutes, let me try it again right now."

The home where Demarais accesses these incredibly fast internet speeds is operated by Homes for Hackers, and is owned by Ben Barreth. Entrepreneurs can live in the house rent and utility free for three months at a time, only needing to pay for their own groceries.

Homes for Hackers is billed as an attempt to kick start high-tech businesses within the city.

Google offers a few different plans for customers. For $120/month you get Gigabit internet (up/down), HDTV service, a Nexus 7 tablet, and 1 TV box. If all you need is gigabit internet, that will only run you $70/month. Google is even offering a "free" internet service (guaranteed for at least 7 years) that provides 5Mb down/1Mb up. However, customers have to pay the $300 "construction fee" that is waived on the two paid packages.

There are no data caps on any of Google's packages (including the "free" one).

> They are zero dollar cost to the consumer, but you have to literally sign away all your rights and freedoms, while simultaneously granting them unlimited access to all your data now and forever. Make no mistake, this "free" Google internet will have terms of service that allow them to track and monitor your every online move , archiving Terabytes of data about you. Not anonymous data either, but data that is tied to you personally.

Welcome to 2001! Yahoo teamed up with the Bells to offer $15 DSL service in a time when it was generally 30-40 and up. But...they data mined your activity.